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Simple Rule to Boost your Wealth
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The power of compounding works by growing your wealth exponentially.
It adds the profit earned back to the principal amount and then reinvests the entire sum to accelerate the profit earning process.
15*15*15 Rule: This rule is one of the most basic rules that help an investor become a crorepati. It says that if you invest Rs 15,000 a month for a period of 15 years in a stock that is capable of offering 15% interest on an annual basis, then you will amass an amount of Rs 1,00,27,601 at the end of 15 years. You invested only Rs 27 lakh while you earned Rs 73 lakh.
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It adds the profit earned back to the principal amount and then reinvests the entire sum to accelerate the profit earning process.
15*15*15 Rule: This rule is one of the most basic rules that help an investor become a crorepati. It says that if you invest Rs 15,000 a month for a period of 15 years in a stock that is capable of offering 15% interest on an annual basis, then you will amass an amount of Rs 1,00,27,601 at the end of 15 years. You invested only Rs 27 lakh while you earned Rs 73 lakh.
Get complete control of your money with INDmoney
Follow us on:
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